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Laxman Pai, Opalesque Asia: Global real estate firm EQT Exeter announced that it had closed its EQT Exeter Industrial Core-Plus Fund IV at an oversubscribed $3 billion in equity commitments, exceeding the $2.5 billion goal.
EQT Exeter, the real estate division of the global investment organization EQT Group AB, said in a press release that the demand for the fund was "exceptional," drawing commitments from existing and new investors across North America, Europe, Asia, and the Middle East.
With its focus on Class A, single-tenant big box distribution, fulfillment center, last mile logistics properties, and ISFs, the Fund will serve the supply chain real estate needs of established, global tenants who look to EQT Exeter to provide repeat real estate solutions around the world, said the real estate investment manager.
"In doing so, the Fund seeks to provide stable cash flow for its investors by acquiring high occupancy, long-term leased industrial assets. In our view, the Fund is also poised to generate growth in capital values due to extraordinary rental rate growth in the industrial sector," the release said.
With consistent top ventile (5%) returns in the Cambridge Associates benchmarks for value funds and top quartile returns in the Preqin benchmarks for core/core-plus funds, EQT Exeter is one of the leading global industrial investment managers.
Over the last 15 years, the Firm has closed 900 industrial investments, leading to industrial assets under ma...................... To view our full article Click here
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